Paper Products

LEE & MAN PAPER

Riwen Paper Supports Subsidiary's 1.5 Billion Yuan Fixed Asset Loan Agreement with Industrial and Commercial Bank

LEE & MAN PAPER released FY2025 Q3 earnings on March 10, 2026 (BJT), with actual revenue of HKD 7.203 B and EPS of HKD 0.1315

LEE & MAN PAPER released FY2025 9 Months earnings on March 10 (BJT), actual revenue HKD 19.44 B, actual EPS HKD 0.3204

Riyuan Paper's Net Profit Rises 42.93% to 1.941 Billion Yuan in 2025

Lihua Paper Profit Up 47.87% in 2025, Outlines 2026 Prospects

LEE & MAN PAPER released FY2025 Q4 earnings on March 10 Pre-Market (BJT), actual revenue HKD 7.203 B, actual EPS HKD 0.1315

LEE & MAN PAPER released FY2025 earnings on March 10 Pre-Market (BJT), actual revenue HKD 26.64 B (forecast HKD 26.11 B), actual EPS HKD 0.452 (forecast HKD 0.3794)

LEE & MAN PAPER to Release FY2025 Earnings on March 10 Pre-Market (BJT), Forecast Revenue HKD 26.11 B, EPS HKD 0.3794

Citi Upgrades Rating and Raises Price Target for Nippon Paper

BOA Securities Raises Profit Forecast and Target Price for Nippon Paper

Citi Raises Target Price for Nippon Paper to HK$2.4

LEE & MAN PAPER released FY2025 Q1 earnings on August 7 (BJT), actual revenue HKD 6.118 B, actual EPS HKD 0.0944

Nippon Paper reports HK$811.1 million net profit in H1

LEE & MAN PAPER released FY2025 Semi-Annual Earnings on August 7 Pre-Market (BJT), actual revenue HKD 12.24 B (forecast HKD 12.87 B), actual EPS HKD 0.1888 (forecast HKD 0.18)

LEE & MAN PAPER released FY2025 Q2 earnings on August 7 Pre-Market (BJT), actual revenue HKD 6.118 B, actual EPS HKD 0.0944

LEE & MAN PAPER to release FY2025 Semi-Annual earnings on August 7, 2025 (BJT), forecast revenue HKD 12.87 B, EPS HKD 0.18

Riyang Paper's ESG Rating Improved to B

Lee & Man Paper announces 2024 revenue of HKD 25,995,421, net profit of HKD 1,357,578, and proposes a final dividend of HKD 0.045 per share

LEE & MAN PAPER released FY2024 9 Months Earnings on March 6 (BJT), with actual revenue of 19.25 B HKD and actual EPS of 0.2412 HKD

LEE & MAN PAPER released FY2024 Q3 earnings on March 6 (BJT), actual revenue 6.745 B HKD, actual EPS 0.0643 HKD

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Yesterday's closing, LEE & MAN PAPER slightly fell by 0.31% to HKD 3.24. Although the decline is small, it has been weakening for several consecutive trading days. The MACD daily line has formed a death cross signal below the zero axis, confirming a medium-term bearish trend pattern. The trading volume was approximately HKD 5.95 million, indicating a low-volume state, showing that both buyers and sellers in the market are not active, with bulls lacking the willingness to enter and bears not aggressively shorting, resulting in an overall quiet trading atmosphere. The stock price has continuously shifted downward in recent times, with the HKD 3.20 level forming a key psychological barrier recently. On the news front, the paper industry is facing a dual blow from weak domestic demand and fluctuations in raw material costs. Recently, the price of pulp has remained high, but the ability of downstream finished paper to raise prices is limited, compressing the industry's profit margins. On a macro level, New York Federal Reserve Chairman Williams stated that U.S. inflation remains around 3%, and the high interest rate environment may continue, while the slowdown in global economic growth is suppressing demand for commodities. The sentiment in the Hong Kong stock market's consumer and manufacturing sectors is weak, and LEE & MAN PAPER, as a traditional cyclical stock, finds it difficult to attract funds in the absence of signals for demand recovery. There have been no significant announcements or adjustments to performance expectations from the company recently. From a technical perspective, HKD 3.20 is a recent support zone; if it is breached, it may approach the HKD 3.00 integer level. A MACD death cross below the zero axis typically indicates that weakness may persist for several trading days, and the trend is difficult to reverse until the volume significantly increases or a bullish reversal candle appears. Today, attention should be paid to the domestic pulp futures trends and the linkage situation of the A-share paper sector. The short-term trend reference is bearish, with a typical bearish dominant pattern of shrinking volume and gradual decline

Technical Forecast

Pre-market trend | Lee & Man Paper (2314.HK) 5/5 Paper stocks continue to weaken, where is the rebound window?

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Lee & Man Paper Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issuance Authority

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CHENMING PAPER

Lee & Man Paper Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issuance Authority

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36Kr learned that the Hang Seng Index rose 1.83% during the midday break, and the Hang Seng TECH Index increased by 1.41%; the non-ferrous metals, paper packaging, and consumer sectors led the gains, with CHIFENG GOLD rising over 7%, LEE & MAN PAPER up over 4%, and BLOKS and POP MART both rising over 3%; the electrical equipment, coal, and oil and petrochemical sectors fell, with Baikang Oilfield Services down over 11%, CATL down over 3%, and Nanshan Resources down over 2%; southbound funds had a net outflow of HKD 11.277 billion

36Kr

POP MART

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CHIFENG GOLD

Hang Seng TECH Index

Hang Seng Index

The Hang Seng Index rose 1.83% at midday, with POP MART up over 3%

Lee & Man Paper Manufacturing (SEHK:2314) reported FY 2025 first half revenue of HK$12.2b and basic EPS of HK$0.19, showing a recovery in margins with a net profit margin of 7.3%. Despite a 47.9% earnings growth over the past year, the five-year trend shows a 24.9% annual decline. The shares trade at a low P/E of 8.4x, but a DCF fair value estimate of HK$3.25 suggests caution. Forecasted earnings growth of 6.8% is slower than the Hong Kong market, raising concerns about cash flow coverage for dividends and debt servicing.

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Lee & Man Paper Manufacturing (SEHK:2314) Margin Recovery Challenges Bearish Narratives

Lee & Man Paper Manufacturing (HK:2314) reported a revenue increase to HK$26.64 billion for 2025, up from HK$25.99 billion, with net profit rising to HK$1.94 billion. The board proposed a final dividend of HK9.3 cents per share, maintaining a 35% payout ratio. Profit before tax reached HK$2.26 billion, supported by lower finance costs. Total comprehensive income surged to HK$2.92 billion, reflecting improved financial resilience. Analysts rate the stock as a Buy with a target price of HK$4.50.

Lee & Man Paper Posts Stronger 2025 Earnings and Raises Payout

LEE & MAN PAPER announced its full-year results for the year ended December last year, with a revenue of HKD 26.642 billion, an increase of 2.5% year-on-year. Net profit was HKD 1.941 billion, an increase of 47.9% year-on-year; earnings per share were HKD 0.452. A final dividend of HKD 0.093 per share was declared, compared to HKD 0.045 per share in the same period last year

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"Performance" LEE & MAN PAPER last year's net profit was 1.941 billion yuan, an increase of 48%, with a final dividend of 9.3 cents

LEE & MAN PAPER(02314.HK)

Pre-market trend | Lee & Man Paper (2314.HK) 5/5 Paper stocks continue to weaken, where is the rebound window?

Lee & Man Paper Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issuance Authority

The Hang Seng Index rose 1.83% at midday, with POP MART up over 3%

Lee & Man Paper Manufacturing (SEHK:2314) Margin Recovery Challenges Bearish Narratives

Lee & Man Paper Posts Stronger 2025 Earnings and Raises Payout

"Performance" LEE & MAN PAPER last year's net profit was 1.941 billion yuan, an increase of 48%, with a final dividend of 9.3 cents